Updated Wednesday, May 17th, 2017.
Bitcoin dice has a long, documented history in the Bitcoin community. One of the first Bitcoin casino’s, SatoshiDICE, famously invented the game.
While there’s games out there with fancier graphics or (arguably) more entertainment value, Bitcoin dice remains number one for a single reason: it’s simple. Bitcoin enthusiasts are attracted to simple solutions.
These sites allow you to enter a precise amount of win percentage and have variable reward, which is part of the reason they're so popular.
It could be argued that Bitcoin dice is the rawest implementation of online gambling. Pick a number and place your bet. No bullshit.
New dice games are popping up every month – some are awesome, and some are poorly attempted copycats. TheBitcoinStrip has all the newest and best Bitcoin dice games, and we endeavour to review every single one.
If a Bitcoin dice game isn’t provably fair, close the tab immediately. It’s completely unheard of now to launch a Bitcoin dice game that isn’t provably fair; if someone is doing this, it’s most likely a scam.
Provable fairness is the mechanism behind Bitcoin gambling, which proves, mathematically, that each roll was not manipulated. It’s a system that allows the to prove without a doubt that all rolls are fairly generated.
There’s no need for delays in Bitcoin casinos. Anything more than requiring just one confirmation is unnecessary and frustrating.
Some fantastic casinos offer no-confirmation deposits, which allows you to start betting before the network verifies your transaction. This is still secure because they won’t let you process withdrawals until it ends up confirming. Sadly, this is rare nowadays as more casinos turn towards publicly funded bankrolls, and the maths gets very messy when you have to reverse payouts back into the investor pool.
Bitcoin transactions typically take ten minutes to confirm on the network; this is due to the specifications of the blockchain. However, that’s just the average – the actual transaction time may be just minutes or, if you’re unlucky, hours.
Bitcoin casinos typically have a hot-and-cold wallet management system in place. This is where only a percentage of investor funds and player balances are actually stored in live wallets on the website. The rest of the Bitcoins are inaccessible from the webserver, but the operator has offline access.
This might sound shady, but it’s actually very smart. If a hacker somehow gains access to the webserver, the most they can steal is whatever is in the live (“hot”) wallet.
The hot wallet is topped up when it’s needed to be. If people win enough, the hot wallet can deplete and so the owner needs to manually transfer Bitcoins from the cold wallet back to the hot wallet. Likewise, if people are losing a lot and the hot wallet amasses a decent balance, the owner will transfer funds to the cold wallet.
While this is a great system for security, it can get annoying when casino operators don’t top up the hot wallet quickly enough. Big wins can be heavily delayed by seemingly lazy admins.
While this might not matter to the smaller players, a high maximum win is a sign of a well-funded casino. Usually, the maximum win is pegged to a fraction of the casino’s bankroll – hovering around the 1% mark.
A higher maximum win allows the whales to have some fun too.
The house edge is the percentage advantage that the casino has owner the player. It basically refers to how tilted the odds are towards the dice game.
A house edge above 1% isn’t very competitive in the Bitcoin dice world, and is frowned upon. Typically, a house edge of 1% is considered fair, and 0.5% is considered extremely fair.
In comparison, the table game roulette normally has a house edge of 1.8%. As online Bitcoin casinos have little overhead and are far more competitive than Las Vegas casinos, 1.8% is too much for us.
Bitcoin dice games are tradition among the cryptocurrency gambling community. They are by far the most popular Bitcoin-invented casino games online. As dice sites typically allow punters to enter precise levels of risk and reward at a fixed house edge, players often regard it as the truest and most pure form of gambling.
The following is a compilation of all Bitcoin dice games, sorted by popularity and a variety of other metrics. You can filter the list to find a casino to roll on by using the checkboxes.
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